Zacks: Analysts Expect SpartanNash Company (SPTN) to Announce $0.54 Earnings Per Share
Equities analysts expect that SpartanNash Company (NASDAQ:SPTN) will report $0.54 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for SpartanNash’s earnings. SpartanNash reported earnings of $0.53 per share during the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 8th.
On average, analysts expect that SpartanNash will report full year earnings of $2.24 per share for the current year, with EPS estimates ranging from $2.22 to $2.27. For the next year, analysts expect that the company will report earnings of $2.38 per share, with EPS estimates ranging from $2.31 to $2.50. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow SpartanNash.
SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Wednesday, August 16th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. SpartanNash had a net margin of 0.83% and a return on equity of 10.00%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the firm posted $0.58 EPS. The company’s revenue was up 3.7% on a year-over-year basis.
Several brokerages have issued reports on SPTN. Jefferies Group LLC restated a “hold” rating and issued a $30.00 target price on shares of SpartanNash in a report on Friday, August 11th. BidaskClub upgraded SpartanNash from a “sell” rating to a “hold” rating in a report on Monday, July 31st. ValuEngine upgraded SpartanNash from a “hold” rating to a “buy” rating in a report on Monday, July 17th. BMO Capital Markets began coverage on SpartanNash in a report on Tuesday, September 12th. They set a “market perform” rating and a $25.00 target price for the company. Finally, Zacks Investment Research upgraded SpartanNash from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. SpartanNash has an average rating of “Hold” and a consensus target price of $24.80.
SpartanNash (NASDAQ SPTN) traded down 0.62% on Thursday, hitting $25.47. 23,768 shares of the company were exchanged. SpartanNash has a 52-week low of $22.90 and a 52-week high of $40.38. The stock has a market capitalization of $949.27 million, a P/E ratio of 14.61 and a beta of 1.08. The stock’s 50-day moving average price is $25.13 and its 200-day moving average price is $29.31.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.165 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.58%. SpartanNash’s dividend payout ratio (DPR) is presently 37.93%.
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A number of hedge funds have recently modified their holdings of SPTN. US Bancorp DE raised its holdings in SpartanNash by 21.1% during the first quarter. US Bancorp DE now owns 5,540 shares of the company’s stock worth $194,000 after purchasing an additional 965 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of SpartanNash by 5.0% in the first quarter. Bank of New York Mellon Corp now owns 582,553 shares of the company’s stock worth $20,384,000 after acquiring an additional 27,757 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of SpartanNash by 119.1% in the first quarter. UBS Asset Management Americas Inc. now owns 22,527 shares of the company’s stock worth $788,000 after acquiring an additional 12,246 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of SpartanNash in the first quarter worth $593,000. Finally, Oxford Asset Management acquired a new position in shares of SpartanNash in the first quarter worth $446,000. 88.24% of the stock is owned by hedge funds and other institutional investors.
SpartanNash Company Profile
SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.
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